Investor Goldmine: 3 Homes on 2.1 Acres with Multi-Strategy Potential
Calling all investors this rare 2.1-acre parcel features three income-producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long-term development.
?? Property Overview (2 APNs, sold as one):
1803 Mitchell Ave (southernmost): Cozy 2?bd/1?ba rental generating $1,200/mo.
1815 Mitchell Ave: Classic gem on its own parcel (APN?390-020-63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income.
1845 Mitchell Ave (northernmost): Spacious 3?bd/1?ba home featuring indoor laundry, expansive living area, fenced yard, 3-car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build-out.
?? Why This Property Stands Out:
Cashflow from Day One: Rent all three homes while pursuing rezoning or development.
Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent.
Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.
?? Highlights & ROI Drivers:
Immediate rental income across all units
Flexible strategies: hold, convert, or redevelop
Existing Homes can be cleaned up & rented out fast
All 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.
The income description goes here to explain
| List Price | $685,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 5 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 39002066 |
| MLS # | FR25144213 |
| Property ID | 321936836 |
| Lot Sqft | 79,715 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 177 |
| Original List Price | $750,000 |
| Date Updated | October 01, 2025 |
| Date Created | June 26, 2025 |
Kyle Wilkins an agent of . Lic #01766038
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 01, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT